IT Business Resource Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05591914 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

IT BUSINESS RESOURCE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D D Yeats

SECRETARY:

Mrs A A Yeats

REGISTERED OFFICE:

5 Beaumont Gate

Shenley Hill

Radlett

Herts

WD7 7AR

REGISTERED NUMBER:

05591914 (England and Wales)

ACCOUNTANTS:

Nagler Simmons

Chartered Accountants

5 Beaumont Gate

Shenley Hill

Radlett

Hertfordshire

WD7 7AR

FIXED ASSETS

Tangible assets

2

759

494

CURRENT ASSETS

Debtors

7,020

12,420

Cash at bank

19,825

48

26,845

12,468

CREDITORS

Amounts falling due within one year

23,994

14,002

NET CURRENT ASSETS/(LIABILITIES)

2,851

(1,534

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,610

(1,040

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

3,608

(1,042

)

SHAREHOLDERS' FUNDS

3,610

(1,040

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 15 November 2016 and were signed by:

D D Yeats - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis which assumes that the company will

continue in operational existence for the foreseeable future having adequate funds to meet its liabilities as they

fall due. The validity of this assumption depends on the continued provision of adequate facilities by the

company's director and shareholders.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

1/3 on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

2,063

Additions

509

At 31 March 2016

2,572

DEPRECIATION

At 1 April 2015

1,569

Charge for year

244

At 31 March 2016

1,813

NET BOOK VALUE

At 31 March 2016

759

At 31 March 2015

494

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2

Ordinary

£1

2